Answer:
it doesn't represent anything
Step-by-step explanation:
here is an example, Consider that your grandmother is a firm believer in saving money and refuses to give gift cards or cash at holidays. Instead, she gives all of the grandchildren $500 invested in five-year CDs (Certificates of Deposit) with compound interest figured twice a year and a 2% interest rate. Set aside the delayed gratification for a moment -- The question is, how much money will the CD be worth in 5 years? That is where compound interest kicks in.
Filling in the compound interest formula of A=P(1+r/n)^nt, your holiday gift looks like this: A = 500(1+.022)^25. Following the order of operations, we calculate the amount in the parenthesis first to get A = 500(1.01)^25. From there, we input the exponents to get A = 500(1.10). Now in our final calculation, the final value is A = $550. At the end of 5 years, your CD will be worth $550.
Answer:
9400.11
Step-by-step explanation:
The pattern is dividing by 2.
512, 256, 128, 64
512/2 = 256, 256/2 = 128, 128/2 = 64
64/2 = 32, 32/2 = 16, 16/2 = 8, 8/2 = 4, 4/2 = 2, ...
What is 20 percent (%) off $350?
Using the formula 1 and replacing the given values:
Amount Saved = Original Price x Discount % / 100. So,
Amount Saved = 350 x 20 / 100
Amount Saved = 7000 / 100
Amount Saved = $70 (answer)
